Preparation for Applying the Revenue Recognition Standard
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「Because the Revenue Recognition Standard and related standards were applied, “notes and accounts receivable—trade,” which had been presented under “current assets” in the consolidated balance sheet for the previous consolidated fiscal year, is presented from the first quarter of the current consolidated fiscal year as included in “notes and accounts receivable—trade and contract assets.” “Advances received,” which had been presented under “current liabilities,” is presented as “contract liabilities” from the first quarter of the current consolidated fiscal year.」
It continues to present contract assets and contract liabilities based on the Revenue Recognition Standard applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「Because the Revenue Recognition Standard and related standards were applied, “notes and accounts receivable—trade,” which had been presented under “current assets” in the consolidated balance sheet for the previous consolidated fiscal year, is presented from the first quarter of the current consolidated fiscal year as included in “notes and accounts receivable—trade and contract assets.” “Advances received,” which had been presented under “current liabilities,” is presented as “contract liabilities” from the first quarter of the current consolidated fiscal year.」
It continues to describe the presentation of contract assets and contract liabilities based on the Revenue Recognition Standard applied from the beginning of the first quarter of the consolidated fiscal year. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Standard”) and related standards from the beginning of the first quarter of the current consolidated fiscal year, and began recognising revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer. As a result, there was no impact on retained earnings at the beginning of the first quarter of the current consolidated fiscal year, and the impact on profit or loss for the cumulative first quarter was immaterial.」
The Company applied the Revenue Recognition Standard from the beginning of the first quarter of the consolidated fiscal year on 1 July 2021, changing the method of revenue recognition and the presentation of contract assets and contract liabilities. There was no impact on retained earnings, and the impact on profit or loss was immaterial. - FY2019RestatedAnnual report
「The standard will be applied from the beginning of the fiscal year ending June 2022. The impact of applying these accounting standards and related standards on the consolidated financial statements is still being assessed.」
The Company plans to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending June 2022, and continues to assess the impact. - FY2018First statedAnnual report
「The planned effective date for the “Accounting Standard for Revenue Recognition” and related standards is the beginning of the fiscal year ending June 2022. The impact of applying these accounting standards and related standards on the consolidated financial statements is currently being assessed.」
It first states that the new revenue recognition accounting standard is scheduled to be applied from the beginning of the fiscal year ending June 2022, with the impact still under assessment.